This property looks like a bad Mid-Term investment with a projected -7.21% first-year return on $91,500 initial cash invested.
-7.21%
Cash On Cash
5.19%
Cap Rate
0.79
DSCR
$3,447
Rent
-$550
Cashflow
Cash Flow
$3,447 income − $3,997 expenses = $550 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,447
Total Expenses
$3,997
Mortgage P&I
56%
$1,926
Property Taxes
22%
$775
Home Insurance
4%
$122
HOA
0%
$2
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$379